ppi claim company

thewiganman

can anyone pm me a good company to use, and one who will help me claim going back more than 6 years and on a debt management plan.
i know u guys will say i can do it myself but i am very busy and would find it hard to find the time

DrSqueeze

If you do decide to use a company to make the claim for you, read their terms and conditions carefully. They will probably charge you a minimum of 25% to 30% (plus VAT) of anything you win.

It's also worth remembering that they base their fee on the amount 'won', even if it's deducted from an outstanding balance. So if you still owe money to a lender and they deduct your refund from the balance, the claim company will still expect you to pay their fee.

thewiganman

hmmmm, might have to try and do it myself then, thanks man

DrSqueeze

thewiganman wrote: »

hmmmm, might have to try and do it myself then, thanks man

I think it's worth a try.

The information you give to the claims company is exactly the same as you would give to the lender.

thewiganman

DrSqueeze wrote: »

If you do decide to use a company to make the claim for you, read their terms and conditions carefully. They will probably charge you a minimum of 25% to 30% (plus VAT) of anything you win.

It's also worth remembering that they base their fee on the amount 'won', even if it's deducted from an outstanding balance. So if you still owe money to a lender and they deduct your refund from the balance, the claim company will still expect you to pay their fee.

is this why most companies wont take people on if they are in a debt management plan?

DrSqueeze

thewiganman wrote: »

is this why most companies wont take people on if they are in a debt management plan?

It wouldn't surprise me.

Someone on a DMP is unlikely to have enough "spare" cash to pay a fee if they don't get the refund in cash. So ultimately the claims company becomes just another creditor.

roonaldo

CMC's dont actually do anything!!
They just send a letter with a load made up complaint points that dont relate to the PPI sold (of which weakens your argument)
You can send a letter yourself and avoid the fee's.
Like already said, if you have arrears or defaulted on them, never use CMC's. As redress will be taken off the owed, leaving you with no money to pay their bill.

amersall

Look here for reasons for mis sell and everything else you need to know about reclaiming. it is so easy and will only cost you postage.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

If you need anymore help just ask.

Dont know what the % is that the other posters to your thread will charge but mine is 50:rotfl::rotfl::rotfl: